Aerohive Announces Pricing of Initial Public Offering

March 27, 2014 07:48 PM Eastern Daylight Time

SUNNYVALE, Calif.--(BUSINESS WIRE)--Aerohive Networks, Inc. announced today the pricing of its initial
public offering of 7,500,000 shares of its common stock at a price to
the public of $10 per share. In addition, Aerohive has granted the
underwriters a 30-day option to purchase up to 1,125,000 additional
shares of common stock from Aerohive at the initial public offering
price. The shares are expected to begin trading on the New York Stock
Exchange on March 28, 2014 under the symbol “HIVE.”

A registration statement relating to these securities has been filed
with the Securities and Exchange Commission and was declared effective
on March 27, 2014. The offering will be made only by means of a
prospectus. Copies of the final prospectus related to the offering may
be obtained, when available, from Goldman, Sachs & Co., Attention:
Prospectus Department, 200 West Street, New York, NY 10282, by telephone
at (866) 471-2526 or by e-mail at prospectus-ny@ny.email.gs.com;
or from BofA Merrill Lynch, Attention: Prospectus Department, 222
Broadway, New York, NY 10038, or by email at dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.